18th Sep 2008 07:00
Date: Embargoed until 07.00 Thursday, 18 September 2008
SPECTRIS PLC ACQUIRES LEADING SUPPLIER OF MACHINE VISION AND INSPECTION SOLUTIONS
Spectris plc, the productivity-enhancing instrumentation and controls company, announces that, through its subsidiary company Microscan Systems Incorporated, it has concluded an agreement to acquire the assets of Siemens' Machine Vision Business, formerly Acuity CiMatrix. Closing of the transaction is subject to certain conditions and is expected to take place within the next few days. Headquartered in Nashua, New Hampshire, USA, the business has a global customer base. The initial purchase consideration of $11.5 million will be financed from the group's existing cash resources and is subject to routine balance sheet adjustments.
Siemens' Machine Vision Business is an industry leader in Automatic Identification and Data Capture (AIDC), specialising in machine vision and inspection systems used in a broad array of manufacturing, packaging and traceability applications. Its portfolio of products and technology complements that of Microscan, a global leader in precision data acquisition and control solutions, such that full end-to-end solutions can be provided across a wide range of industries.
As a part of this acquisition, Siemens AG, Industry Sector; Industry Automation Division, Nuremburg, and Microscan have signed a strategic co-development contract to bring new AIDC products to market.
Commenting on the acquisition, John O'Higgins, Chief Executive of Spectris, said: "The acquisition of the Siemens Machine Vision Business strengthens the group's Industrial Controls segment by significantly extending Microscan's product and technology portfolio. It will further enhance their ability to provide full track, trace and control solutions to leading industrial markets, particularly in the medical, electronics manufacturing and automotive sectors."
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Enquiries: |
John O'Higgins, Chief Executive, Spectris plc |
Tel: 01784 470470 |
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Richard Mountain, Financial Dynamics |
Tel: 020 7269 7186 |
Copies of this announcement are available from the company's registered office at Station Road, Egham, Surrey TW20 9NP, and on the company's website at www.spectris.com.
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